- Interest rates have been on the rise in a very real way for the first time in the average market participant’s memory. Higher rates certainly don’t help gold prices.
- Inflation would normally push gold prices higher, but are we really experiencing inflation in the traditional sense, or are we merely experiencing a huge imbalance of supply and demand?
- A strong dollar is typically another distraction for gold. So, we have rates creating a headwind in our face, and then we have a strong dollar acting as an uphill run that continues to increase in angle as the USD rises in value versus other currencies.
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Still... Gold Marches On